Korea Travel App Eyes Dual IPO Listing at $4 Billion-Plus Value
- Yanolja among cohort of maturing Korean startups going public
- Compatriot Coupang surpassed $100 billion valuation on NYSE
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South Korea’s largest travel app Yanolja Co. is in talks with banks to go public through a dual listing in Seoul and overseas, people with knowledge of the matter said, joining a growing cohort of startups seeking higher valuations abroad.
The company is aiming for a value of more than $4 billion, one of the people said, confirming previous reports in Korean media. Yanolja, which is also the world’s largest property management software provider after Oracle Corp., is still exploring options and the size and location of its IPO have not yet been finalized, according to the people, who asked not to be identified as the discussions are private.